Our rates are low, our application is quick and easy! We can get you clear to close in as little as 10 days!
NMLS ID # NMLS # 228246
William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.
Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.
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Unlocking Insights from Houston's Office Market!
In the dynamic landscape of office real estate, discerning the prevailing trends can often resemble navigating a labyrinth of conflicting opinions. Some herald the current climate as ripe with once-in-a-generation opportunities, emphasizing the urgent demand for Class-A properties and the prospect of unearthing hidden gems amidst the market flux. Conversely, others advocate for a more cautious approach, advocating for repurposing office buildings, anticipating the end of prolonged extensions, and acknowledging the potential longevity of the current downturn.
Amidst this cacophony of viewpoints, Moody’s Analytics CRE offers a pragmatic perspective focused not on overarching narratives but on identifying the characteristics that delineate the most resilient office properties. By scrutinizing rental data, vacancy rates, and a myriad of location and property attributes, they seek to unravel the patterns and trends that underpin superior rent performance.
Their methodology begins with the selection of properties with consistent rental data across 2022 and 2023. Subsequently, they quantify rent performance by calculating the percentage change in rental averages over the two years. Employing z-scores, which gauge deviations from average performance, they pinpoint properties that significantly outperform their respective markets. Physical attributes such as size, age, and location characteristics, including the Commercial Location Score (CLS), are also considered to discern patterns among top-performing properties within a metropolitan area.
Defining top performers as those with a z-score of at least 0.45, Moody’s analysis reveals intriguing insights, particularly exemplified by the Houston market. Contrary to expectations, suburban areas emerged as the bastions of performance, despite not boasting the highest business vitality scores. The top-performing submarkets, such as North/FM 1960 and Southwest, defied conventional wisdom by predominantly featuring smaller Class B or C properties.
Moreover, Houston's top performers distinguished themselves not only by rental growth but also by lower vacancy rates. Interestingly, these properties often exhibited characteristics such as lower acquisition costs, older construction years, and more frequent renovations compared to their suburban counterparts.
It's crucial to note that the attributes defining top-performing properties in one metro may diverge significantly from those in another. Therefore, investors must tailor their strategies to the unique nuances of each market, leveraging insights gleaned from detailed analyses like Moody’s to make informed decisions.
In conclusion, Houston's office market serves as a microcosm of broader trends, underscoring the importance of meticulous research and nuanced understanding in navigating the intricacies of real estate investment.
Should you need an experienced Commercial Real Estate Mortgage Broker, please feel free to contact me at 281-222-0433.
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© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy
Copyright ©2021 | Mortgage Viking Team
Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | Medallion Funds
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 11920 Southern Highlands Parkway, Suite 302, Las Vegas, NV 89141
Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/
Copyright ©2021 | Mortgage Viking Team Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 11920 Southern Highlands Parkway, Suite 302, Las Vegas, NV 89141 https://medallionfunds.com/bill-rapp/